Jun 1, 2026 · 34 min · 13 segments
Athletes may become the next investable asset class. In this episode of **The Constant Sports Podcast**, Conner Schenk sits down with **Spencer Gareiss**, Co-Founder & Chief Product Officer of…
Spencer GareissGuest
Conner SchenkHost
And, and kinda as you've, you know, left Robinhood to come, you know, help build MRKT and work on that side of things and kinda help, you know...
When did you kinda first realize, you know, athletes, kind of this whole ecosystem, building infrastructure, kind of this investable asset class, kinda, uh, you mentioned it was December you joined, so what, where was that period where you're like, "Okay, lights out.
So I'd co-founded another business and former securities counsel at Robinhood, and he's now a partner at Gussman Updegrove.
... and, you know, Ben had retained him at MRKT, and Braden told Ben, "Hey, you should bring Spence over to lead product and engineering." Ben pitched me on the business.
I knew the market was there, um, and so, you know, I took the leap of faith.
And, um, when did I know, you know, part of your underlying question is when did I feel bullish, right? When- what was the trigger point for feeling bullish enough on sports tokenization to take that leap? Really, I felt the conviction before, you know, the conversation with Ben because I've seen fantasy sports grow like crazy.
Multiple different sports I've seen grow like crazy, whether that's women's basketball, women's soccer, the NFL, wrestling.
And, um, having built prediction markets at Robinhood, you know, we, we had prediction markets in every vertical, right?
There was all of these different things, but what was-- Obviously, I was looking at the dashboards, right? Because I was-
And the majority of volume was in sports, and you see that, you know, across prediction markets, generally speaking.
And, and kinda as you've, you know, left Robinhood to come, you know, help build MRKT and work on that side of things and kinda help, you know...
When did you kinda first realize, you know, athletes, kind of this whole ecosystem, building infrastructure, kind of this investable asset class, kinda, uh, you mentioned it was December you joined, so what, where was that period where you're like, "Okay, lights out.
So I'd co-founded another business and former securities counsel at Robinhood, and he's now a partner at Gussman Updegrove.
... and, you know, Ben had retained him at MRKT, and Braden told Ben, "Hey, you should bring Spence over to lead product and engineering." Ben pitched me on the business.
I knew the market was there, um, and so, you know, I took the leap of faith.
And, um, when did I know, you know, part of your underlying question is when did I feel bullish, right? When- what was the trigger point for feeling bullish enough on sports tokenization to take that leap? Really, I felt the conviction before, you know, the conversation with Ben because I've seen fantasy sports grow like crazy.
Multiple different sports I've seen grow like crazy, whether that's women's basketball, women's soccer, the NFL, wrestling.
And, um, having built prediction markets at Robinhood, you know, we, we had prediction markets in every vertical, right?
There was all of these different things, but what was-- Obviously, I was looking at the dashboards, right? Because I was-
And the majority of volume was in sports, and you see that, you know, across prediction markets, generally speaking.
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